Student Credit Cards Bank Of America
617-credit-score- Student credit card bank of america
- Bank of America Cash Rewards Credit Card for Students | LendEDU
- Bank of America® Cash Rewards Credit Card for Students
- Student Credit Cards - RBC Royal Bank
Compare Bank of America student credit cards The Bank of America® Cash Rewards credit card for students The Bank of America® Travel Rewards credit card for students Highest base rewards rate 3% cash back 1. 5 points for every $1 spent on purchases Rewards categories Complex to manage Easy to understand Annual fee None Intro APR for purchases and/or balance transfers OK Sign-up bonus $200 cash rewards bonus after spending $1, 000 in purchases within the first 90 days of account opening 25, 000 points (redeemable as a $250 statement credit or travel) for spending $1, 000 in purchases in the first 90 days of account opening Foreign transaction fees 3% Looking for a starter credit card? Compare Student Cards Now The Bank of America® Cash Rewards credit card for students The Bank of America® Travel Rewards credit card for students What you need to know about each card Bank of America offers two student-focused credit cards for you to choose from. Each card has benefits that could help you in different ways depending on your current needs and circumstances.
Student credit card bank of america
Here's what you need to know about each card before choosing the right one for you. If you're looking to earn cash back, the Bank of America® Cash Rewards credit card for students could be a good choice. This card gives you the flexibility to choose your top cash back earning category at a rate of 3% cash back. You can choose from the following categories: Gas Online shopping Dining Travel Drugstores Home improvement/furnishings You can also earn 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. Unfortunately, your cash back for the 3% and 2% bonus categories is limited to the first $2, 500 in combined purchases each quarter. After that, you'll earn 1% cash back on the rest of your purchases in those bonus categories. Other helpful features of the Bank of America® Cash Rewards credit card for students include … $200 cash rewards bonus for spending at least $1, 000 in purchases within the first 90 days of account opening No annual fee Free FICO® credit score An introductory 0% purchase and balance transfer APR for 12 billing cycles from account opening (then a variable 13.
Bank of America Cash Rewards Credit Card for Students | LendEDU
6. No Annual Fee There is no annual fee on Bank of America's student credit cards. This is great for people who want to minimize their costs of credit card use as much as possible. However, it should be mentioned that a lack of annual fee removes the pressure on people to make more use of their credit cards so as to make its annual fee worthwhile, which can be a real consideration in some cases. 7. Good Introductory Offers Interestingly, Bank of America has introductory offers on its student credit cards to make them more appealing for interested individuals. For example, two of them have introductory purchase APRs of 0 percent for 12 months, while the third has something similar but extended to 15 months instead. Likewise, one of them has an introductory transfer APR of 0 percent for 12 months, while another has an introductory transfer APR of 0 percent for 15 months. 8. Rewards Program Two of the student credit cards comes with a rewards programs of sorts. One is a cash back credit card, meaning that it offers 1 to 3 percent cash back on purchases made using it.
Bank of America® Cash Rewards Credit Card for Students
Student Credit Cards - RBC Royal Bank
You can avoid penalty fees by paying your statement in full or at least meeting the minimum payment each month. If you do not make the minimum payment, you'll incur a late payment fee of $29. If you rack up additional late payments within the next six billing cycles, your late payment fee will rise to $40. However, if your credit card statement is $100 or less, you will not be charged a late fee on the payment due date. Earn Cash Back Quite possibly, the biggest selling point of this card is its 3% cash back rewards. Bank of America assigns merchants a category code based on the types of products or services that they sell, and this category code helps students earn cash back on the purchases they've made. Cash back categories include: Gas Online shopping Dining Travel Drug stores Home improvement and furnishings The card's cash back settings are automatically set to "Gas" for the first payment cycle unless the student changes it. Bank of America also offers an easy-to-use mobile app, which students can use to change their cash back category for the month.
This means that if you're planning a road trip, you could change your cash back category to gas one month and then switch to dining the next month. Each cash back category comes with specific exemptions. Since Bank of America does not control how purchases are classified, some purchases may not fall within the category you expect them to. To help you better understand cash back categories, Bank of America provides a helpful guide. What Do I Need to Qualify for This Credit Card? Bank of America designed the Cash Rewards Credit Card for Students to help students build credit for a successful financial future. They suggest that students wishing to establish their credit should consider this card. Established credit history can help you apply for a car loan or even an apartment. If you're just starting out and do not yet have credit history, you can add a co-signer to your application. Adding a co-signer is a fairly simple process that can help tremendously with building your credit. A co-signer can be someone who you trust to vouch for your credit (such as a parent, relative, or significant other).
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99% to 23. 99% APR for both) Balance transfers must be made within 60 days of opening the account to qualify for the intro balance transfer APR, and they carry a balance transfer fee of $10 or 3% (whichever is greater) Unfortunately, this card does charge a 3% foreign transaction fee. That means it may not be the best choice if you plan to use the card while studying abroad. The Bank of America® Travel Rewards credit card for students offers a simple way to earn rewards. You'll earn 1. 5 points for every $1 of purchases you make. One nice thing about this card is that you don't have to worry about bonus categories or reward caps. There are also no foreign transaction fees, which could make it a great card to use while you're traveling or studying abroad. Where things get complicated is in redeeming your points. To get a value of 1 cent per point, you have to redeem your points for travel statement credit. Your other redemption options leave you with a points value of less than 1 cent per point.